Karnataka Bank reported a profit of Rs 317.03 crore
By Neelima Shankar
Jan 29, 2015
Print    Email    RSS   

Karnataka Bank has reported a net profit of Rs 317.03 crore for the first nine months of the current year against Rs 229.82 crore for corresponding period last year. Current Account, Savings Account (CASA) increased by Rs 1,162 crore from Rs 9,576 crore to Rs 10,738 crore.

The deposits of the bank have reached Rs 44,799 crore with Y-O-Y growth rate of 15.81% and advances Rs 30,338 crore with Y-O-Y growth rate of 12.34%. The capital adequacy ratio stood at 11.99% [under BASEL II] and 11.79% [under Basel III] against the regulatory requirement of minimum 9%.

The bank has the future plans to expand its network and set up new 75 branches and 300 ATMs across the country. Further bank has also plan to start up new lobiies. In this year bank has already established 6 branches and 127 ATMs taking tally of service outlets.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

The new avatar of savings account would...
Some Quick Facts about Wealth Tax in India!
Know about corporate fixed deposits
Planning to invest in a bank FD? Think again
Carnival of Indian Personal Finance Blogs #2

NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...
Chandigarh@CaℒL Giℛℒ In Rajpura +O9855660911...
If I invest 100000 rupees deposit for 2 year , how...

Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive